Elon Musk will pitch SpaceX's Terafab chip moonshot to employees at Europe's biggest tech company

Elon Musk will address ASML employees in a virtual fireside chat next Thursday to pitch SpaceX's Terafab semiconductor concept, according to internal communications seen by Business Insider. The event, held at Europe's most valuable tech company's annual technology conference, comes one day before SpaceX's planned public debut at a potential $1.75 billion valuation. ASML, the sole manufacturer of critical EUV chipmaking machines, is a key supplier for the Terafab joint venture between SpaceX, Tesla, and Intel, which underpins SpaceX's ambitious plans to deploy orbital data centers requiring massive chip production.

Elon Musk is kicking off SpaceX's public debut https://www.businessinsider.com/spacex-ipo-why-investors-have-to-buy-spcx-elon-musk-2026-6 with a personal pitch to employees at a critical Terafab supplier. The SpaceX founder will participate in a virtual fireside chat with ASML CEO Christophe Fouquet at the company's annual technology conference next Thursday, according to internal communications seen by Business Insider. The event will see Musk "share his vision on AI, robotics, space, and semiconductor manufacturing, including the Terafab concept" with ASML engineers and other employees, according to a description posted on an internal employee portal. ASML describes the technology conference https://www.asml.com/en/technology/how-we-innovate , which is not open to the public, as a global event for employees and partners to share technical innovations and breakthroughs. The virtual event comes a day before SpaceX is set to go public at a potential valuation of $1.75 billion. The Terafab, a joint venture between SpaceX, Tesla, and Intel https://www.businessinsider.com/elon-musk-spacex-terafab-chip-factory-texas-opposition-ai-backlash-2026-6 to construct a series of enormous semiconductor factories, is a key part of SpaceX's pitch to investors. Much of SpaceX's valuation and revenue projections https://www.businessinsider.com/spacex-ipo-wild-bet-physical-future-ai-orbital-data-centers-2026-5 are built on the company's ambitious plans to deploy up to a million orbital data centers https://www.businessinsider.com/spacex-hiring-elon-musk-data-centers-in-space-2026-2 , which Musk has said will require an enormous supply of chips built in-house by the Terafab. Netherlands-based ASML, Europe's most valuable tech company, is a critical part of that vision. It is the only company that makes extreme ultraviolet lithography EUV machines https://www.businessinsider.com/asml-manager-cuts-layoffs-leaked-doc-chips-2026-4 — bus-sized devices that are vital for producing cutting-edge semiconductors at scale. ASML CEO Fouquet told Reuters https://www.reuters.com/business/autos-transportation/asml-ceo-sees-tight-supply-booming-chip-market-ai-demand-soars-2026-05-20/ last month that he had spoken to Musk about the Terafab project, without providing details. He added that he expects SpaceX's ambitious aims to scale to a terawatt of AI compute a year will likely lead to supply bottlenecks in the semiconductor market in the coming years. ASML and SpaceX did not respond to requests for comment.